2358990
Will the $300 donation deduction (without itemizing) continue for 2021 returns?
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Yes and it will be increased to $600 for tax year 2021 for those who do not itemize their personal deductions.
AWESOME. Thank you!
Wait - hang on...
Today I was able to find an answer on the IRS site. I can see it was only recently posted (09-17-21).
In fact, $300 is the max for individuals. Here is the wording from the IRS:
These individuals, including married individuals filing separate returns, can claim a deduction of up to $300 for cash contributions made to qualifying charities during 2021. The maximum deduction is increased to $600 for married individuals filing joint returns.
Here is the website link:
Correct ... only married couples will get $600 next year.
there's something wrong here....filing married/joint with std deduction for 2021, and I keep getting the $600 max amount changed to $300 behind the scenes, and then the error catches that it should be $600. I change it to $600, and then the error seems to clear, but comes back in Final Review over and over again....
@martyhammer wrote:
there's something wrong here....filing married/joint with std deduction for 2021, and I keep getting the $600 max amount changed to $300 behind the scenes, and then the error catches that it should be $600. I change it to $600, and then the error seems to clear, but comes back in Final Review over and over again....
For the TurboTax desktop editions -
To remove the error I went into Forms mode and deleted the Charitable Organization Worksheet. Then on the Form 1040 Worksheet for Line 12b removed the $300 amount so Line 12b is now blank (empty).
Going back to Step-by-Step I completed the Deductions & Credits section without entering anything for a charitable donation. Continuing through the screens until landing on the screen labeled Charitable Cash Contributions under Cares Act, I entered $600. Continued through Final Review without error.
For the TurboTax online editions -
The problem appears to be that a charitable donation was entered in the Deductions and Credits section of the program when you are only eligible for the Standard Deduction.
Click on Tax Tools on the left side of the online program screen
Click on Tools
Click on Delete a form
Scroll through the all the forms, schedules and worksheets listed and delete all the Charitable Organization forms listed.
When completed with removing forms click on Continue With My Return at the bottom of the list.
Click on Federal on the left side of the screen
Click on Deductions & Credits at the top of the screen
Scroll down to the bottom of the page and click on Wrap up tax breaks
Continue through the screens. After the screen showing that you are getting the Standard Deduction the following screen is Charitable Cash Contributions under Cares Act. Enter $600 if filing Jointly or $300 for all other filing status'. The federal review and the Final Review should no longer show an error for the charitable donation.
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